US Concrete (USCR) Earning Somewhat Positive Press Coverage, Accern Reports

Media stories about US Concrete (NASDAQ:USCR) have been trending somewhat positive on Sunday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. US Concrete earned a news impact score of 0.19 on Accern’s scale. Accern also gave media coverage about the construction company an impact score of 45.9110343164392 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Here are some of the headlines that may have impacted Accern Sentiment’s analysis:

US Concrete (USCR) traded up $0.45 during mid-day trading on Friday, hitting $83.65. The stock had a trading volume of 288,322 shares, compared to its average volume of 364,059. US Concrete has a 52 week low of $57.95 and a 52 week high of $86.35. The company has a market cap of $1,392.69, a price-to-earnings ratio of 117.82, a P/E/G ratio of 2.71 and a beta of 1.31. The company has a debt-to-equity ratio of 2.35, a quick ratio of 2.12 and a current ratio of 2.31.

US Concrete (NASDAQ:USCR) last released its quarterly earnings data on Friday, November 3rd. The construction company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.46 by ($0.47). US Concrete had a net margin of 0.99% and a return on equity of 22.33%. The company had revenue of $354.60 million during the quarter, compared to the consensus estimate of $364.16 million. During the same quarter in the prior year, the company posted $1.19 earnings per share. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. research analysts expect that US Concrete will post 3.09 earnings per share for the current fiscal year.

Several equities analysts recently issued reports on USCR shares. Stifel Nicolaus restated a “buy” rating and set a $98.00 price target on shares of US Concrete in a research note on Thursday, September 28th. ValuEngine lowered US Concrete from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Zacks Investment Research lowered US Concrete from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 11th. DA Davidson restated a “buy” rating on shares of US Concrete in a research note on Monday, December 4th. Finally, BidaskClub upgraded US Concrete from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. US Concrete has a consensus rating of “Hold” and a consensus price target of $89.00.

In other news, EVP Niel L. Poulsen sold 20,644 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $80.42, for a total value of $1,660,190.48. Following the sale, the executive vice president now directly owns 16,665 shares in the company, valued at approximately $1,340,199.30. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Ronnie A. Pruitt sold 500 shares of the company’s stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $80.20, for a total value of $40,100.00. Following the completion of the sale, the chief operating officer now owns 18,156 shares in the company, valued at $1,456,111.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 46,454 shares of company stock worth $3,755,359. Corporate insiders own 5.90% of the company’s stock.

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About US Concrete

U.S. Concrete, Inc is a producer of ready-mixed concrete in select geographic markets in the United States. The Company conducts its operations through two business segments: ready-mixed concrete and aggregate products. The ready-mixed concrete segment engages principally in the formulation, production and delivery of ready-mixed concrete to its customers’ job sites.

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